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Stellantis and Ferrari boss is pitted against his own mother in Agnelli inheritance drama

  MILAN, Italy — A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and who died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis. In the dispute that has riven one of Italy's elite families, Margherita is fighting to overturn agreements she signed after her father's death in order to eventually benefit her five children from a second marriage, sources close to her say. Should the Turin court decide in her favor, Margherita, who is 67 and Gianni Agnelli's only surviving child, could stake a claim to half of her late mother's estate and a share in the Elkann family business. The center of the dispute The dispute has its origins in an inheritance deal known as the "Geneva pacts" that Margherita, an artist and philanthropist, signed in 2004 after the death of her father the previous year and agreed to when Fiat was on the brink of bankruptcy. Under the first pact, Margherita received property, works of art and other liquid assets from Gianni's estate and renounced any future influence in the Dicembre (December) company, a key part of the ownership structure of Exor, the Agnelli-family holding. The pacts cemented John Elkann's position as Gianni Agnelli's chosen successor and effectively took his mother Margherita out of the equation. John Elkann, 47, now leads Exor, which owns slices of prestigious businesses and brands including national newspapers and the soccer club Juventus. The second pact covered what would happen to the estate of Margherita's mother Marella, who died in 2019 aged 91. Marella passed her Dicembre stake to three of her grandchildren, John, his brother Lapo and sister Ginevra, from Margherita's first marriage to journalist Alain Elkann. Margherita wants the pacts to be rescinded to be able to give her children with second husband Serge De Pahlen, a Franco-Russian former Fiat executive, a share of their grandmother's estate, sources close to her say.

This 1987 Ferrari F40 LM is for the millionaire who dares to be different

Throughout the past decade, the Ferrari F40 has become one of the most highly regarded and highly coveted supercars ever built. When cars become so iconic, any red model no longer excites. It's the specialty models, such as this stunning light blue Le Mans example, that catch the real attention at an auction house. This 1987 Ferrari F40 LM is expected to go for up to perhaps $6,280,000 at the upcoming RM Sotheby's in Paris on February 6 during Retromobile week. According to RM Sotheby's, the Pilot exterior livery makes this one of the most recognizable F40 LMs ever built, although that pool is extremely small. Only 19 F40s were ever created by Michelotto to LM or Competizione spec. Chassis No. ZFFGJ34B000074045 is reported to be only the third F40, not just of LM F40s, of all F40s built. It was a pre-production prototype, and the car's insane history doesn't stop there. It also participated in the 24 Hours of Le Mans in 1995 and 1996, yet finished only 12th in 1995 (it did win the 1995 Anderstorp 4 Hours). That's shocking considering the engineering and power this car is known for. In Michelotto LM spec, the twin-turbocharged V8 was uprated to more than 700 horsepower using enlarged turbochargers, bigger intercoolers, and a better Weber-Marelli fuel injection system. Using tech learned from the Group B 288 GTO Evoluzione development, it also had a stiffer chassis, an upgraded transmission, better brakes, and altered exterior aero equipment. Rated at about 2,350 pounds, it was one of the fastest cars on the planet at the time. Wherever this car goes, we hope the owner takes advantage of its eligibility for numerous racing events. Several other Ferraris will also roll across the auction stage, including a 1996 F50, a 1966 275 GTB/6C Alloy Berlinetta, a 2011 SP30, a 599 SA Aperta, a 2003 Enzo, and a 2006 Superamerica. Outside the Ferraris, the 1994 Bugatti EB110 Super Sport is catching our eye. Featured Video:

Why the Ferrari Testarossa deserves some respect

Join us for a moment in putting on our way-back hats, zeroing in on the late 1980s. Imagine that you're in your bedroom. Look over at the wall across from your bed. What car do you see on the poster? If you're anything like us, it's a Lamborghini Countach - in fact, it's a trio of Lamborghini Countach models in an array of colors. Oh, and there's also a 1:18-scale diecast Countach in black sitting on our dresser with its scissor doors locked in a skyward embrace.
Of course, the Raging Bull wasn't Italy's only great supercar from the 1980s, especially if you cast your lot at the temple of the Prancing Horse. The Ferrari Testarossa, as pointed out in the latest video from Petrolicious, is an oft unsung hero penned from the stuff boyhood dreams are made of. Far from a *ahem* red-headed stepchild, the Testarossa deserves a place in the minds and hearts of '80s supercar fans the world over.
Scroll down below to watch vintage car collector Joe Ventura talk about the Ferrari Testarossa with beautifully bright red Italian design serving as a fitting backdrop.